AltShares Event-Driven ETF (NYSEARCA:EVNT) Short Interest Update

AltShares Event-Driven ETF (NYSEARCA:EVNT) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,133 shares, a decrease of 48.9% from the May 31st total of 2,219 shares. Based on an average daily trading volume, of 6,170 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On AltShares Event-Driven ETF

A hedge fund recently raised its stake in AltShares Event-Driven ETF stock. Sonoma Allocations LLC grew its position in shares of AltShares Event-Driven ETF (NYSEARCA:EVNT) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 425,333 shares of the company’s stock after buying an additional 76,878 shares during the quarter. AltShares Event-Driven ETF makes up about 1.7% of Sonoma Allocations LLC’s investment portfolio, making the stock its 15th biggest position. Sonoma Allocations LLC owned 41.29% of AltShares Event-Driven ETF worth $4,996,000 at the end of the most recent reporting period.

AltShares Event-Driven ETF Stock Up 0.2%

AltShares Event-Driven ETF stock traded up $0.03 during mid-day trading on Thursday, hitting $12.18. 161 shares of the company were exchanged, compared to its average volume of 5,512. The company has a market capitalization of $12.55 million, a PE ratio of 18.53 and a beta of 0.31. The business has a fifty day moving average of $11.94 and a 200 day moving average of $11.78. AltShares Event-Driven ETF has a 1-year low of $10.35 and a 1-year high of $13.54.

AltShares Event-Driven ETF Company Profile

The AltShares Event-Driven ETF (EVNT) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that provides long and short exposure to equity and debt securities of companies believed to be impacted by an announced or anticipated corporate event. EVNT was launched on Dec 31, 2014 and is managed by Altshares.